China Commercial Vehicles Lubricants Market Analysis by Mordor Intelligence
The China Commercial Vehicles Lubricants Market size is estimated at 1.36 billion liters in 2025, and is expected to reach 1.73 billion liters by 2030, at a CAGR of 4.88% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : During the coming years, demand for transmission oils is expected to be driven by expected growth in commercial vehicle production, sales, and usage in the country.
China Commercial Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- In China, among all product types, engine oils accounted for a share of 70.6% of the total lubricant demand from commercial vehicles (CV) during 2020. During 2015-2019, the overall engine oil consumption increased at a CAGR of about 1.6% due to a rise in truck sales, driven by the reformation of the country's supply sector.
- In 2020, the transmission oils segment recorded the highest growth in CV lubricant consumption of about 7.8%. The financial incentives for the purchase of new energy commercial vehicles supported transmission oil consumption during the year.
- During 2021-2026, the transmission oils segment is likely to be the fastest-growing segment, with a CAGR of 6%. The tax incentives offered for the purchase of commercial vehicles and augmenting production outputs are projected to drive the demand for transmission oils in the country over the next five years.
Understand The Key Trends Shaping This Market
Download PDF
Competitive Landscape
The China Commercial Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 75.19%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc (sorted alphabetically).
China Commercial Vehicles Lubricants Industry Leaders
-
BP PLC (Castrol)
-
China National Petroleum Corporation
-
China Petroleum & Chemical Corporation
-
ExxonMobil Corporation
-
Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Recent Industry Developments
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- August 2021: FUCHS has decided to expand its grease plant located in China named Yingkou Fox Oil Products Co. Ltd. This expansion may help the company produce more volumes of grease to cater to the demand in China.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now
China Commercial Vehicles Lubricants Market Report Scope
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Need A Different Region or Segment?
Customize Now
Key Questions Answered in the Report
How big is the China Commercial Vehicles Lubricants Market?
The China Commercial Vehicles Lubricants Market size is expected to reach 1.36 billion Liters in 2025 and grow at a CAGR of 4.88% to reach 1.73 billion Liters by 2030.
What is the current China Commercial Vehicles Lubricants Market size?
In 2025, the China Commercial Vehicles Lubricants Market size is expected to reach 1.36 billion Liters.
Who are the key players in China Commercial Vehicles Lubricants Market?
BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc are the major companies operating in the China Commercial Vehicles Lubricants Market.
What years does this China Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the China Commercial Vehicles Lubricants Market size was estimated at 1.29 billion Liters. The report covers the China Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
China Commercial Vehicles Lubricants Market Report
Statistics for the 2025 China Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
